ECO 2013 Principles of Macroeconomics



Course Start Date: Week of May 15, 2017

Instructor:Mrs. Gezime Christian

E-mail: Regularly through MyCourses website. I am also available by e-mail at for emergencies.

I have a policy of responding to your e-mails within 48 hours of receiving them. This policy is in effect Monday beginning at 7:00 a.m. and ends Friday at 4:00 p.m.

Mrs. Christian is a former student of St. Petersburg College through the Early College Program and was actively involved in SGA, President of Phi Theta Kappa, and awarded Student of the Year in 2009. Mrs. Christian transferred to The University of Tampa for her Bachelor’s degree which she obtained in both Business Economics and Mathematics in 2012 and was awarded Outstanding Student in Economics. Subsequently, she studied at Yale University where she obtained her Master’s degree in International and Development Economics in 2013. Currently, she is working full-time at The White House Office of Management and Budget as a Presidential Management Fellow. Previously, she was an Analyst at the U.S. Export-Import Bank, which followed her role as a Consultant at The World Bank.


Economics is the study of how a society--or some smaller grouping--deals with its almost unlimited wants versus the scarcity of resources with which to satisfy those wants. "Macro" (big) economics deals with entire economies. "Micro" (small) economics, on the other hand, deals with how households and firms cope with the same considerations.


1)The student will acquire knowledge of the basic tools needed to understand current macroeconomic theory.

2)The student will develop an understanding of the basic theories involved in the study of macroeconomics.

3)The student will develop an understanding of the operation of the market economy.

4)The student will develop an understanding of how economists measure production.

5)The student will develop an understanding of the effects of aggregate demand and aggregate supply on the levels of output, employment, and prices.

6)The student will understand the different types of fiscal and monetary policy tools used in the United States.

7)The student will gain an understanding of the accomplishments and limitations of monetary and fiscal policies.

8)The student will develop skills needed to apply basic macroeconomic principles.


Upon completion of this course, you should be able to:

  • Define the basic variables of macroeconomic data.
  • Discuss the significance of the distinction between real and nominal variables.
  • Identify the determinants of productivity and long-run economic growth.
  • Explain the role of interest rates, savings, and investment in economic growth.
  • Analyze the forces that cause changes in the unemployment rate.
  • Make clear the significance of and differences between cyclical and natural unemployment.
  • Explain the causal relationship between the money supply and inflation.
  • Show why net exports and net foreign investment must be equal.
  • Distinguish between nominal and real exchange rates.
  • Predict long-term trends in real exchange rates using the Purchasing Power Parity theory.
  • Use the market for loanable funds and the foreign currency exchange market to build a model of the open economy.
  • Evaluate policy issues in an open economy.
  • Set forth the causes and characteristics of the business cycle.
  • Illustrate long- and short-run effects of fiscal and monetary policy using the aggregate supply, aggregate demand model.
  • Clarify the trade-off between unemployment and inflation in the long and short run using the Phillips Curve analysis.


Bade, R., & Parkin, M., (2015), Foundations of Economics (7thEdition), Pearson.

For physical textbook use: ISBN10: 0-13-346240-4, ISBN13: 978-0-13-346240-1


Weighting: quizzes 25 points, mid-term exam 25 points, final exam 25 points, Class Participation 5 points, and 2 Discussion Posts 20 points. There is no extra credit in this course.

A= 90-100

B= 80-89

C= 70-79

D= 60-69

F= ≤59


  1. Quizzes

For each of the 15 chapters, a quiz will be given online that consists of 10 multiple choice questions. I will allow you to take the 10 highest quiz scores toward this portion of your grade. In other words, I will throw out the lowest five quiz scores.

See the detailed weekly schedule for the availability of the quizzes. Once you have reviewed both the reading and feel that you are ready to test your knowledge with a multiple choice/true or false quiz, LOG ON and click on the week to locate the quiz. You will have only one chance to take each 20 minute timed quiz.

  1. Midterm and Final Exams

The midterm and final exam will be given online and consist of 50 multiple choice questions. Please look for more instructions posted in the syllabus, on the class course site and on emails that I send as the dates for these exams get closer. YOU WILL HAVE ONLY ONE CHANCE TO TAKE EACH 90 minute EXAM.

I prepared most of the questions for the quizzes, midterm, and final from the book. See the syllabus for the chapters covered on the midterm and the final exam.I will email a study guide for the midterm and for the final a few weeks before the exam.

  1. Class Participation

There will be discussion questions posted for each of the chapters in this course. You are expected to post a response and to respond to at least one classmate’s discussion posts within each chapter discussion forum in order to earn the 5 participation points.

  1. Two Discussion Posts

You are expected to choose two of the discussion questions to submit for a grade. I will only grade your performance on the two that you designate to me through email. EACH DISCUSSION ISSUE HAS A POSTED DUE DATE TO SEND ME THE NOTIFICATION (EMAIL).

Your first post must be submitted before the midterm exam within the following chapters: 21 – 27. Your second post must be completed before the final exam within the following chapters: 28 – 34.

When you submit a post for a grade, your response should consist of an initial post of 150-200 words (consisting of your research and answer to the discussion issue). It must be submitted early in the week (by Wednesday 11:55pm). Additionally, you are expected to interact with your classmates within your thread or outside your thread (DURING THE WEEK THAT YOUR CHAPTER IS COVERED) using at least 5 to 10 replies. Getting on the discussion, reading and making all posts in one day will not result in you receiving the maximum 10 points for that assignment.

Lastly, all discussion posts and assignments are graded for original thought and must be in your own words. However, it is expected that you research the discussion issue using at least one academic journal or scholarly website in addition to the course textbook as you respond to the question. Each source that you use as research including the textbook must be cited with proper citations and references using the MLA or APA format. Limit your borrowed information to less than 20% of your total essay. Credit will not be given for any copied and pasted work, even if cited.

Below is a grading matrix I will use to determine your point assignment for each of the two discussion posts.

Discussion Post Grading Matrix

Initial Post / Quality of post – overall accuracy, use of economic concepts and written within 150-200 words / 2
References (MLA or APA) / 1.5
First post submitted by Wed. 11:55pm / 1.5
Connected / Posted early in the week and posted regularly during the week / 2
Interaction / Interacted with classmates with at least 5 to 10 replies / 3

Detailed Course Schedule

Dates / Reading Assignment Chapter
Week 1: 5/15-5/21
Discussion Issue Ch. 1 and Ch. 21: Due 5/21
Quiz Ch. 1 and Ch. 21:Due 5/21
Optional HW: End of chapter questions / Chapter 1 – Getting Started
Chapter 21 – GDP: A Measure of Total Production
Week 2: 5/22-5/28
Discussion Issue Ch. 22 and Ch. 23: Due 5/28
Quiz Ch. 22 and Ch. 23: Due 5/28
Optional HW: End of chapter questions / Chapter 22 – Jobs and Unemployment
Chapter 23 – The CPI and the Cost of Living
Week 3: 5/29-6/4
Discussion Issue Ch. 24 and Ch. 25: Due 6/4
Quiz Ch. 24 and Ch. 25: Due 6/4
Optional HW: End of chapter questions / Chapter 24 – Potential GDP and the Natural Unemployment Rate
Chapter 25 – Economic Growth
Week 4: 6/5-6/11
Discussion Issue Ch.26 and Ch. 27: Due 6/11
Quiz Ch.Ch.26 and Ch. 27:Due 6/11
Optional HW: End of chapter questions / Chapter 26 – Finance, Saving, and Investment
Chapter 27 – The Monetary System
Week 5:6/12-6/18
Midterm Exam: Due 6/18 / Midterm Exam Chapters 1, 21 – 27
Week 6: 6/19-6/25
Discussion Issue Ch. 28 and Ch. 29: Due 6/25
Quiz Ch. 28 and Ch. 29: Due 6/25
Optional HW: End of chapter questions / Chapter 28 – Money, Interest, and Inflation
Chapter 29 – Aggregate Supply and Aggregate Demand
Week 7: 6/26-7/2
Discussion Issue Ch. 30: Due 7/2
Discussion Issue Ch. 31: Due 7/2
Quiz Ch.30: Due 7/2
Quiz Ch. 31: Due 7/2
Optional HW: End of chapter questions / Chapter 30 – Aggregate Expenditure Multiplier
Chapter 31 – The Short-Run Policy Tradeoff
Week 8: 7/3-7/9
Discussion Issue Ch. 32: Due 7/9
Quiz Ch. 32:Due 7/9
Discussion Issue Ch. 33: Due 7/9
Quiz Ch. 33: Due 7/9
Discussion Issue Ch. 34: Due 7/9
Quiz Ch. 34: Due 7/9
Optional HW: End of chapter questions / Chapter 32 – Fiscal Policy
Chapter 33 – Monetary Policy
Chapter 34 – International Finance
Week 9: 7/10-7/16
Final Exam:Due 7/16
Optional HW: End of chapter questions / Final Exam Chapters 28 – 34

*Times for quizzes and exams open at 7:00 am ET and close at 11:55pm ET

General Suggestions

If you have questions about the material or a specific point, go to the discussion board of the online classroom and post your question in the relevant area. Additionally, you can email me through the course web site.

There are PowerPoint presentations posted to help with your studying for each chapter. For those users who do not own PowerPoint, a free download of the PowerPoint Viewer is available at The PowerPoint Viewer will allow users to view the PowerPoint slide show.

With the exception of due dates for the Quizzes, midterm exam, final examination and the weekly discussion issues, this course will be largely self-paced. However, past experience has shown that students do better when they stay in pace with the schedule. I would advise you to not get behind. As an internet course, there will be no physical orientation or meetings. Everything is done via reading, doing the study guide and on-line quizzes, taking the two exams and participating in the weekly discussions. There is an assignment calculator website at may assist you in organizing and completing the assignments for this course.

Experience has shown me that those students who connect on a regular basis and stay connected during the term tend to do well in the course. If you are having difficulty, make contact with me. It is your responsibility to verify that your assignments have been completed on time.


In order to better serve our faculty and students the school is asking that both the instructor and student use the logoff button when completing online course work. By logging off, the MyCourses server space is freed, and therefore, optimizing the system.


Students that need special accommodations for a documented disability need to email me documentation during the first two weeks of class. Registration with the Office of Disability Resources (ODR) is also required. Further information can be found in the following website:


All the assignments you turn in for this course must be your own work. You may, of course, discuss assignments with other students or obtain feedback from the learning support center, but the thinking and writing must be your own. It is a violation of academic honesty guidelines to submit someone else’s work as if it were your own.

Students are expected to respect and uphold the standards of honesty in submitting written work to instructors. Though occurring in many forms, plagiarism in essence involves the presentation of another person’s work as if it were the work of the presenter. Any cheating or plagiarism will result in disciplinary action to be determined by the instructor based on the severity and nature of the offense. It is the student’s responsibility to review the online Student Conduct Code,StudentExpectations, andAcademic Honesty Policy, and comply with them.

As I’m sure you are aware, there are a number of plagiarism sites that can be easily used to check student’s work. In addition, the College does subscribe to plagiarism detection software that can be used to check student’s work. If you are unsure of what constitutes a violation of academic honesty, contact the learning support center for clarification.


The college provides a Learning Support Center to assist students in becoming more successful.


Course Dates: Drop/Add, Withdrawal, Financial Aid

See Academic Calendar


Online /Student Conduct
Online Student, Faculty and Staff Expectations and Performance Targets


This is an online class, and so there is no face to face meeting. However, the institution does have an attendance policy for online courses. For those of you

Interested you can find the policy on the following page


In the event that a hurricane or other natural disaster causes significant damage to the St. Petersburg College facilities, you may be provided the opportunity to complete your course work online. Following this event please visit the college website for an announcement of the College’s plan to resume operations. This syllabus is currently available in MyCourses for your convenience. Log in to MyCourses to confirm that you have access, reporting any difficulty to the SPC Student Technical HelpDesk at 727.341.4357 or email at


Federal and State law requires a person designated as a “sexual predator or Sexual offender” to register with the Florida Department of Law Enforcement (FDLE). The FDLE then is required to notify the local law enforcement agency where the registrant resides, attends or is employed by an institution of higher learning. Information regarding sexual predators or offenders attending or employed by an institution of higher learning may be obtained from the local law enforcement agency with jurisdiction for the particular campus, by calling the FDLE hotline (1-888-FLPREDATOR) or (1-888-357-7332), or by visiting the FDLE website at If there are questions or concerns regarding personal safety, please contact the Provost, Associate Provost, Campus Security Officer or Site Administrator on your campus.


Every student is expected to complete the Student Survey of Instruction survey which will be available online about three quarters of the way through the class. The survey is used to determine the strengths and weakness of the course material and instruction. It is anonymous, and students will be able to check NA to every question if they wish to do so. There will be a point in the class, however, where students will not be permitted to move on to the next part of the course without completing the survey, and I hope that all students will take the time and provide me with the evaluation feedback which is so helpful in improving our courses and College.


Go to or Click on the following link for the latest updated Syllabus Addendum which includes the latest attendance policy, withdrawal,academic honesty, complaint policy and emergency policy: